Just how much financial trouble is TfL in?
Transport for London (TfL) is coming under increasing financial pressure.
The loss of the government’s operating grant is not the only challenge it faces.
A fares freeze is expected to cost £640 million across the course of the Mayoralty, falling passenger numbers limit TfL’s revenue, and it has not been able to generate as much commercial income as planned.
The London Assembly Transport Committee meets tomorrow to question the TfL Commissioner about progress on previous Committee recommendations and to explore the Mayor’s revised Transport Strategy. Topics will include;
- Weather related travel issues
- The main changes in the new version of the Mayor’s Transport Strategy
- The expected impact of the new private hire policy TfL published in February
- Bus service capacity increases in outer London
- The slow pace of delivering new cycling infrastructure
- How drones should be controlled in London
- The financial sustainability and noise of the night tube
The guests are:
- Mike Brown MVO, TfL Commissioner
- Simon Kilonback, Interim Chief Financial Officer
The meeting will take place on Thursday, 01 March from 10:00am in The Chamber at City Hall (The Queen’s Walk, London SE1).
Media and members of the public are invited to attend.
The meeting can also be viewed via webcast.
Follow us @LondonAssembly and take part in the discussion using #AssemblyTransport and #TfLCommissioner
Notes to editors
- Agenda Papers
- Keith Prince AM, Chairman of the Transport Committee, is available for interview – see contact details below.
- London Assembly Transport Committee
- As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.
For media enquiries, please contact Alison Bell on 020 7983 4228. For out of hours media enquiries, call 020 7983 4000 and ask for the London Assembly duty press officer. Non-media enquiries should be directed to the Public Liaison Unit on 020 7983 4100.